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Thumbnail image for Reserve Bank Keeps Australian Interest Rates on Hold – July 2010

Reserve Bank Keeps Australian Interest Rates on Hold – July 2010

The Reserve Bank of Australia has decided to keep interest rates on hold for another month. The official cash rate is currently 4.5% and with confidence decreasing throughout the economy, some people are questioning whether a rate reduction is needed. Some economists are predicting flat or negative price growth for the remainder of 2010.

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Thumbnail image for Australian Interest Rates Raised 25 Points to 4.5% – May 2010

Australian Interest Rates Raised 25 Points to 4.5% – May 2010

With inflation at the higher end of the Reserve Bank of Australia’s desired levels (currently at 2.9%), a surge in house prices in March, worldwide GDP growth revised upwards, and Australia’s terms of trade rising more than expected, the RBA in their monthly meeting on the first Thursday of the month have once again increased interest rates by 25 basis points. This means that the basic cash rate now stands at 4.5%.

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Thumbnail image for Australian Interest Rates Increase Again – April 2010

Australian Interest Rates Increase Again – April 2010

The Reserve Bank of Australia (RBA) has once again raised its official cash rate by a further 25 basis points to 4.25%, its fifth increase in its past six meetings (since October 2009). Governor Glen Stevens stated that the view of the RBA is that the global economy has continued to improve and domestic activity is recovering whilst the bank seeks to ensure that Australia’s economic expansion remains on track without an outbreak of inflation.

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Thumbnail image for Real Estate News: 5 Mar 2010 Marquette Turner Luxury Homes eMagazine

Real Estate News: 5 Mar 2010 Marquette Turner Luxury Homes eMagazine

In the 5 Mar 2010 edition of the Marquette Turner Luxury Homes eMagazine we feature a stunning home for sale in Mexico, plus give you the opportunity to live in one of the most “livable places” in the World for under $200,000. There’s also a look at Australia’s latest interest rates rise, we see how foreign buyers are pushing up prestige property prices in London, and for a little more light-hearted there’s “speed-renting” and the rather stylish W+W eco-toilet. Enjoy! All the best, Michael Marquette & Simon Turner.

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Thumbnail image for Australian Interest Rates Rise- the Shape of Things to Come for 2010

Australian Interest Rates Rise- the Shape of Things to Come for 2010

Seeking to cool a growing economy, the Reserve Bank of Australia has increased interest rates from 3.75% to 4% in a move widely expected by experts. As the only major economy to avoid recession (generally considered to be two consecutive quarters of negative growth), and the first to raise rates from 50-year lows as the economic crisis eased, it follows three consecutive rises at the end of 2009 but is the first rise for 2010.

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Thumbnail image for Are Interest Rates in Australia Going to Rise Soon?

Are Interest Rates in Australia Going to Rise Soon?

Michael Marquette’s “View from the Bridge” this week looks at where Australian interest rates are heading: It is widely believed that Australian interest rates will increase by a further 0.25% when the Reserve Bank meets on February 2. The markets have already factored in the rise, with positive economic data showing continued strength within the economy.

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Thumbnail image for Michael Marquettes View from the Bridge: Sydney Property is More Expensive than New York

Michael Marquettes View from the Bridge: Sydney Property is More Expensive than New York

Michael Marquette of Marquette Turner Luxury Homes writes: In raising interest rates yesterday by 0.25% the Reserve Bank of Australia has signaled that it is hugely concerned by the level of property prices in Australia. Without question prices for residential dwellings decreased since the beginning of the financial crisis. What is also without question is that properties under $600,000 AUD have been uncomfortably increasing in price throughout 2009.

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Thumbnail image for Real Estate News: Reserve Bank of Australia Increases Interest Rates Again

Real Estate News: Reserve Bank of Australia Increases Interest Rates Again

The Reserve Bank of Australia has, on Melbourne Cup Day, raised interest rates. For the second month running, rates have increased by 25 basis points (.25%), increasing from 3.25% to 3.5%. Should the RBA raise rates again in December, it will be the first time Australian rates have ever been increased in three consecutive months.

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Thumbnail image for View from the Bridge: Australians Far Too Complacent About the Economy

View from the Bridge: Australians Far Too Complacent About the Economy

Despite the monumental shift in the World economy and the considerable distance we still have to travel to recover and restructure, the Australian media, Reserve Bank and the population as a whole has decided to put their heads in the sand. The overwhelming sentiment is that Australia has in some way missed the worst of the economic crisis and is powering ahead. Sydney real estate agent Michael Marquette of luxury real estate agency Marquette Turner Luxury Homes explains that the decision of the Reserve Bank to lift interest rates from 3% to 3.25% today is testament to this way of thinking

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Thumbnail image for The Four Phases of Australian Interest Rates

The Four Phases of Australian Interest Rates

With Australian interest rates at historic lows, consumers are quite conscious that it won’t last forever. Simon Turner of luxury real estate agency Marquette Turner Luxury Homes in this article talks about the four phases of interest rates that Australia has experienced in the last 30 to 40 years.

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